DowDuPont Inc (DWDP) Shares Bought by Systematic Financial Management LP
Systematic Financial Management LP boosted its holdings in shares of DowDuPont Inc (NYSE:DWDP) by 16.7% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 55,490 shares of the company’s stock after buying an additional 7,951 shares during the period. Systematic Financial Management LP’s holdings in DowDuPont were worth $3,952,000 as of its most recent SEC filing.
A number of other large investors have also bought and sold shares of DWDP. Ferris Capital LLC lifted its stake in DowDuPont by 89.3% during the fourth quarter. Ferris Capital LLC now owns 35,400 shares of the company’s stock worth $2,521,000 after purchasing an additional 16,699 shares during the last quarter. Virtus Fund Advisers LLC increased its holdings in shares of DowDuPont by 2.0% in the fourth quarter. Virtus Fund Advisers LLC now owns 1,348,947 shares of the company’s stock worth $96,072,000 after buying an additional 26,166 shares during the period. Itau Unibanco Holding S.A. increased its holdings in shares of DowDuPont by 112.4% in the fourth quarter. Itau Unibanco Holding S.A. now owns 4,989 shares of the company’s stock worth $355,000 after buying an additional 2,640 shares during the period. Well Done LLC purchased a new position in shares of DowDuPont in the fourth quarter worth about $464,000. Finally, Taylor Hoffman Wealth Management purchased a new position in shares of DowDuPont in the fourth quarter worth about $180,000. 69.54% of the stock is owned by institutional investors.
In related news, insider Andrew N. Liveris sold 187,402 shares of the business’s stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $72.23, for a total transaction of $13,536,046.46. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, General Counsel Charles J. Kalil sold 69,400 shares of the company’s stock in a transaction that occurred on Friday, February 23rd. The stock was sold at an average price of $72.66, for a total value of $5,042,604.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 374,771 shares of company stock worth $26,960,613. 0.89% of the stock is owned by company insiders.
DowDuPont (NYSE:DWDP) last announced its quarterly earnings results on Thursday, February 1st. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.16. DowDuPont had a return on equity of 8.21% and a net margin of 2.34%. The company had revenue of $20.07 billion for the quarter, compared to the consensus estimate of $19.46 billion. The business’s quarterly revenue was up 54.1% on a year-over-year basis. equities analysts forecast that DowDuPont Inc will post 4.14 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Thursday, March 15th. Investors of record on Wednesday, February 28th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Tuesday, February 27th. This represents a $1.52 dividend on an annualized basis and a yield of 2.22%. DowDuPont’s dividend payout ratio is presently 96.82%.
Several research firms have recently commented on DWDP. Barclays upgraded DowDuPont from an “underweight” rating to an “equal weight” rating in a report on Wednesday, January 31st. Zacks Investment Research upgraded DowDuPont from a “hold” rating to a “buy” rating and set a $85.00 price objective on the stock in a report on Tuesday, January 30th. Stephens began coverage on DowDuPont in a report on Monday, December 4th. They issued an “overweight” rating and a $83.00 price objective on the stock. Nomura lifted their price objective on DowDuPont from $83.00 to $84.00 and gave the stock a “buy” rating in a report on Friday, February 2nd. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $86.00 price objective on shares of DowDuPont in a report on Friday, December 8th. Six investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $80.71.
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DowDuPont Inc is a holding company formed through the merger of equals between The Dow Chemical Company and E. I. du Pont de Nemours and Company (DuPont). The Company’s business divisions include Agriculture division, Material Science division, and a Specialty Products division. The Agriculture Division offers a complete portfolio of products and technologies, traits and crop protection.
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